Blockchain Groups of Japan and South Korea Joining Forces

BCCC and KBOF will deepen cooperation and will share accumulated knowledge with each other
21 December 2017   667

Yesterday Blockchain Collaborative Consortium (BCCC) of Japan announced that it has been in collaborative talks with the Korean Blockchain Open Forum (KBOF) since November and the two groups signed a formal agreement during the Blockchain TechBiz Conference on December 19 in Seoul.

The BCCC noted that in the future, the consortium will deepen cooperation with the KBOF and both groups will share accumulated knowledge with each other.

According to the BCCC, over 200 companies have joined the consortium since it launched, including Microsoft Japan, Mitsui Sumotomo Insurance, PwC, Bitbank and ConsenSys and many others.

The KBOF said in the announcement that the forum has 157 organizations drawn blockchain startups, IT firms, government agencies, academic institutions, and local municipal offices.

Recently, we have reported that the government of South Korea announced that it would prohibit foreigners and minors from dealing with currency trading or opening accounts in local banks.

'Kodak Miner' Turned Out to be a Scam

KashMiner by Spotlite USA was promoted as Kodak branded bitcoin miner 
17 July 2018   143

The KashMiner bitcoin miner, exhibited at the Kodak stand during the CES technology show in Las Vegas, was in fact a product designed to mislead potential consumers and with a potentially unattainable potential return. This is reported by BBC.

Spotlite USA is licensed by Kodak's lighting division, which allows it to use the famous brand in its products. In January 2018 the company introduced its miner and announced that it intends to lease it. According to its business plan, potential users had to pay a commission before getting the device. It was expected that after depositing $ 3,400, the customer will receive a device that will allow him to easily cover expenses and receive revenue from bitcoin mining.

However the company did not have an official Kodak license to use the brand in the production of mining equipment and initially overstated the indicators of the potential profit of its device, refusing to take into account the growing complexity and costs of bitcoin mining. The advertising materials reported that KashMiner brings $ 375 a month, which, subject to a 2-year contract, would allow the client to receive $ 5,600 of profit after paying a commission. Experts from the industry of cryptocurrency call this offer a scam.

There is no way your magical Kodak miner will make the same $375 every month.
 

Saifedean Ammous

Economist

CEO Spotlite USA Halston Mikail previously reported that he plans to install hundreds of miners at the headquarters of Kodak. According to him, he already managed to place 80 miners there, but the Kodak spokesman denied this information.

While you saw units at CES from our licensee Spotlite, the KashMiner is not a Kodak brand licensed product. Units were not installed at our headquarters.
 

Kodak Spokesman

In a phone call with the BBC, Spotlite's Halston Mikail said the US Securities and Exchange Commission (SEC) had prevented the scheme from going ahead.